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republican colleagues. >> a growing group of liberal fiscal cliff jumpers if you will as they're being called, they seem to be willing to risk everything, jump off the cliff if social safety nets face deep cuts while tax rates stay low for the wealthy. do you think that is smart politics or could it backfire against democrats? >> i think what the president has said is the right approach to take which is that we want to do everything we can to avoid the fiscal cliff consistent with what he said during the campaign which is that, number one, we have to focus on jobs and the jobs plan and, number two, we have to ask higher income individuals to start paying a little bit more to reduce the debt because if you don't, simple math tells you you will hit everybody else harder. the president's priority has been to protect the middle class and do that by asking higher income earners to pay a little bit more. so i think the president has been clear. he has set forward a plan to prevent us from going over the fiscal cliff and the choice republicans have is are they going to continue to insist on saying t
in washington. the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senato
, the fiscal cliff negotiations will heat up. now the speaker of the house has thrown a new problem into the talks, can a deal actually be reached? >>> shoppers looking for their own kind of grand bargain today. we're going to look at the black friday crush at shopping malls and super stores all over this country. but we start this hour with breaking news in egypt. you're looking at live pictures of tahrir square in cairo after the new egyptian president morsi gave himself sweeping new powers today. tahrir square also the heart of last year's uprising. demonstrators filled the streets of alexandria later today. morsi's new powers put his own decisions above all legal challenges until a new egyptian parliament is elected. despite the protests, morsi moving ahead with his plans at the same time insisting that his new powers are for the good ofu issued a statement moments ago saying in part, quote, we call for calm and encourage all parties to work together and call for all egyptians to resolve their differences over these important issues peacefully and through democratic dialogue. ji
this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to compromise and where they are drawing the line in the sand. >>> the other big story we're watching for you, a second round of sitdowns for united nations ambassador susan rice, who's in an all-out campaign of her own to face her critics. after three republicans issued blistering comments yesterday, this morning rice is meeting with republican senator susan collins of maine and in an hour is expected to meet with senator bob corker of tennessee. rice's harshest krit eks are still vowing to block her potential nomination as next secretary of state. >> i think everybody gets to, one, be nominated, and, two, go through the hearings and the deba
. >>> plus, fiscal cliff diving. the countdown to the new year is counting down to economic disaster. what will it take to reach a compromise and pull the country back from the edge before january 1st. >>> the holiday season kicking into gear. we'll take you all around the country. meantime, relative calm between israel and gaza following the cease fire did not last very long. today a clash at the poirder left one palestinian dead and 15 wounded. as usual, we are hearing two different versions of this cease fire version. we have two reporters there. aman, i'll begin with you. what are they saying about the glash at the gaza border today? >> they're saying that the palestinians, 300 of them approached the israel/gaza border on the palestinian side of it. they went there to access their farm land. that area is considered mostly essentially farm land for those families. a lot of people earn their livelihoods from there. they were going there to protest and demand that they have the right to go as far up to the border as possible. the reason why is because over the years israel has imposed a n
the holiday break with a major economic problem on their hands. finding a solution to the fiscal cliff requires political leadership. where do we stand with december just around the corner? let's bring in kristen welker and neil irwin, economics editor from the washington post's wonk blog. i love that name. i have to hand it to you. kristen, are you getting a sense of optimism from white house staffers about the future of these negotiations? i mean, how connected do they say the president was to the problem with all the international issues over this past week alone? >> reporter: well, i think that they would like to be optimistic about this problem. certainly president obama has been meeting with congressional leaders. he had them here at the white house last week. they came out and struck this tone of bipartisanship, but they're also cautious in that optimism. you remember the knockdown dragout debt ceiling fight of the summer of 2011. i don't think they think it's going to get that ugly. at the same time this is not going to be easy going as we head to the first of the year. now rep
of the nation's top ceos, to lawmakers about the fiscal cliff. ceo of goldman sachs says what's in this deal is less important than just getting a deal done. >> going over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is, you know, a source of people's wealth. people will feel poor. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. >> washington playing with fire? >> yes. yes, washington is playing with fire. and you don't get -- it's not like a football game when you get the two-minute warning. they don't tell you when you have -- you only get one more chance. >> let's bring in robert, republican strategist and richa richard, a strategist. good morning to you, guys. he said if the retirement age goes up, it is secondary to getting an actual deal. so what does that say? i'll give that to you, richard, first. >> look, business leaders have actually been very strong in a balanced approach. some revenue, some entitlemen
it. >>> up next, our political power panel weighs in on the tough road ahead for fiscal cliff negotiations. and still ahead, the great holiday escape. tracking the best deals and discounts for your getaways. is it better to be the early bird...or the earliest bird? on black friday, it doesn't matter, as long as we end up here at 5 a.m., or at homedepot.com, starting thursday. where prices have been cut, chopped, and sanded... on the most powerful tools that cut. ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing. that's the power of the home depot. the early bird gets a special buy on a ryobi two-piece lithium-ion kit, just $99. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after sto
reflection on us all. now through january 2nd. >>> the impact of the so-called fiscal cliff could hit the country in 41 days if an agreement is not reached. the average american would see the increase of about $2,000. kristen welker is joining me from washington. hello to you, once again. >> reporter: hello. >> let's talk about negotiations and where all this stands. what's the status of things? >> we expect president obama to invite congressional leaders back to the white house in the coming days. you remember he had them here last week. they came out and struck this rare tone of bipartisanship. a lot of peel thought it was a sign of things moving in the right direction, that they could get a deal struck in a timely fashion. since then congressional aides have been trying to put meat on the bones of the deal and we are told republicans' starting offer really is not that different from where they were before the election. they are still basically saying that they want to keep the bush-era tax cuts where they are, which is completely the opposite of democrats want, which is to let the
in washington with plenty to do trying to negotiate a solution to stave off the fiscal cliff. everyone was getting along last friday when all of the leaders met at the white house but now that it's time to deal things are getting a bit tougher. let's bring in david and steve. happy thanksgiving, guys. thanks for getting up early with us. >> good morning. >> first one to you, david, the staffers have told politico that these talks are off to a rough start and issue is, it's the same, the revenue, how to get it. what congressman tom cole said on "jansing and company" yesterday. >> important as to how you get that revenue. i was disappointed to see leader pelosi say it had to be higher rates or nothing. i don't think that's the way you begin a negotiation. >> what about the possibility of keeping the same rates but eliminating deductions for the wealthy in. >> i think that's a good potential suggestion. >> so you hear that, republicans have opened the door to revenue but not by raising taxes. is that going to be enough? might that be the compromised point? >> if you listen to the white ho
hopeful. that being said, we still have issues looming on this fiscal cliff. we're starting to see consumer confidence weighing a little bit. i think hurricane sandy had something to do with that. >> yeah. >> this could go either way this season. >> you combine the holiday spending with the fiscal cliff. is there a chance that if we get this $586 billion or whatever is expected to come in, that it has a lasting effect on the economy? >> you know, i think -- i would like to say yes. and given holiday -- looking at last year, we saw about 600,000 jobs added for the holiday. about that number is expected this year as well. jobs are good for the economy. spending is good for the economy. but whether we can maintain that, whether a deal can be reached on that cliff remains to be seen. we could see of the u.s. fall into recession. hopefully that won't be the case. hopefully, you know, a deal will be reached and we can move forward. >> that's probably the most pressing issue right now. morgan, thank you for bringing us up to date on the retail angle. >>> coming up, health care hang-ups, a
. with the fiscal cliff, do you think there's a way to reach an agreement on the fiscal cliff? are you willing to do comprehensive entitlement reforms in exchange for an increase tax rate? >> i think that's an excellent question. let's make one thing clear. the entitlements have little to do with the day-to-day operation of the budget. they have their own separate budgets. they're paid for in a separate manner, through payroll taxes. so anybody that wants to do that is really holding the issue hostage. the other side is good at doing that. republicans have been very good at holding us hostage. we said to them at least pass the middle chas tax cuts and let's continue those and then we'll debate the other stuff. there is no compromising these ideologues. i want compromise. people want them to come together. if you hold the other issue or the other side hostage, it's not going to get done. i'm a little less optimistic than i was last week when i hear from staff and the discussions that are going on behind the scenes. i'm less optimistic about it. but i'm in there fighting for resolution. if we kick the
while i have you, i want to gauge your confidence, though, on the fiscal cliff, because time is running out on that territory. how confident are you that something can get done by january 1st? >> i'm confident that the president of the united states has put forth a germane plan to the question that you're asking. i want to show you something, tom. this is a report that came out september the 14th. september the 14th of this year, which republicans very, very strongly opposed even being made public. and the reason why they are strongly opposed to this is this report, which came out in from the congressional research service, which is a nonpartisan group, this report is about the taxes in the economy, what part do taxes play in this economy. and if i could just read you one line in this entire -- >> sure thing. >> there's not a conclusive evidence to substantiate a clear relationship between the 65-year steady reduction in top tax rates and economic growth. and it goes on to be much more specific than that. the republicans did not want the american people to see this because it blows hole
Search Results 0 to 12 of about 13